Flow of Foreign Direct Investment across Various Sectors in India
Sivakumar P. ()
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Sivakumar P.: Department of Management Studies, Sri Ganesh School of Business Management, SGSBM, Attur Main Road, Mettupatti, Salem 636 111 (T.N.), INDIA
Advances In Management, 2012, vol. 5, issue 6
Foreign direct investment (FDI) refers to long term participation by a country in another country. It usually involves participation in management, joint venture, transfer of technology and expertise. The Government’s liberalization and economic reforms programme was initiated in July 1991 under the new Industrial Policy Resolution. The Industrial policy reforms have substantially reduced the industrial licensing requirements, removed restrictions on expansion and facilitated easy access to foreign technology and Foreign Direct Investment.
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